XRP’s volatility decreased this week, and the price has been moving sideways. Key Support levels: $0.54 Key Resistance levels: $0.60, $0.68 1. Price Consolidates XRP is consolidating in a flat trend under 60 cents. So far, buyers failed to break this level and turn it into a key support. While momentum remains neutral, bulls could…
TL;DR The CEO of BecauseBitcoin invested heavily in XRP, citing specific technical analysis as the reason. XRP’s NVT ratio has fallen to around 125, which is considered undervalued, potentially supporting the case for future price growth. Change of Heart The X user Max (CEO and founder of the crypto analysis platform BecauseBitcoin) recently jumped on…
Alongside a lackluster market, there has been a significant decline in whale activity across most major crypto assets. According to the latest analysis by Santiment, Bitcoin and Ethereum are seeing noticeable drops in $100k+ transactions. Whale Activity Plummets During the highly active period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each,…
TL;DR Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups. This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech. Ripple and Dubai Ripple plans to strengthen…
The long-awaited conclusion to the settlements phase of the trial passed with a much smaller fine than the SEC had requested. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) decided on a sum just a little over $125 million— instead of the $2 billion fine the SEC wanted. Investors…
TL;DR XRP dropped from $0.66 to around $0.56, with a bearish pattern indicating a further downtrend. Some analysts remain optimistic, predicting a rebound and possible rise to an all-time high within a year. XRP Lost the Momentum Ripple’s XRP was among the best-performing cryptocurrencies at the end of last month, with its price rallying to…
XRP climbed to $0.66 on Wednesday, surging by 8% over the past 24 hours from $0.60, a level last seen in the third week of March. The latest upward price action comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market as the accumulation trend intensifies. XRP Accumulation There has…
TL;DR XRP trades around $0.52, with some analysts predicting potential rises to $5.85, $18.22, and even up to $100, although extreme targets are unlikely. The ongoing lawsuit between Ripple and the SEC significantly affects the asset’s price, with the company’s partial court wins boosting optimism for a potential bull run. The Odds of a Ridiculous…